| FORM 8.3 | |||||||
| PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY | |||||||
| A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR | |||||||
| MORE | |||||||
| Rule 8.3 of the Takeover Code (the "Code") | |||||||
| 1. | KEY INFORMATION | ||||||
| (a) | Full name of discloser: |
| Barclays PLC. | ||||
| (b) | Owner or controller of interest and short |
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| positions disclosed, if different from 1(a): | ||||||
| (c) | Name of offeror/offeree in relation to whose | DS SMITH PLC | |||||
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| relevant securities this form relates: | ||||||
| (d) | If an exempt fund manager connected with an |
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| offeror/offeree, state this and specify identity of | ||||||
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| offeror/offeree: | ||||||
| (e) | Date position held/dealing undertaken: | 31 Dec 2024 | |||||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: |
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| disclosures in respect of any other party to the offer? | INTERNATIONAL PAPER COMPANY |
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| 2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing(if any) |
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| Class of relevant security: | 10p ordinary | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 33,128,612 | 2.40% | 16,673,580 | 1.21% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 12,848,300 | 0.93% | 31,692,979 | 2.30% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 45,976,912 | 3.33% | 48,366,559 | 3.50% |
| (b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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| Class of relevant security in relation to |
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| which subscription right exists |
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| Details, including nature of the rights |
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| concerned and relevant percentages: |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
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| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security |
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| 10p ordinary | Purchase | 72,764 | 5.4217 GBP | ||||
| 10p ordinary | Purchase | 24,406 | 5.4265 GBP | ||||
| 10p ordinary | Purchase | 6,261 | 5.4170 GBP | ||||
| 10p ordinary | Purchase | 6,164 | 5.4221 GBP | ||||
| 10p ordinary | Purchase | 4,494 | 5.4334 GBP | ||||
| 10p ordinary | Purchase | 4,412 | 5.4034 GBP | ||||
| 10p ordinary | Purchase | 3,465 | 5.4200 GBP | ||||
| 10p ordinary | Purchase | 3,229 | 5.4190 GBP | ||||
| 10p ordinary | Purchase | 3,098 | 5.4300 GBP | ||||
| 10p ordinary | Purchase | 2,559 | 5.4317 GBP | ||||
| 10p ordinary | Purchase | 2,325 | 5.4344 GBP | ||||
| 10p ordinary | Purchase | 1,829 | 5.4150 GBP | ||||
| 10p ordinary | Purchase | 1,766 | 5.4450 GBP | ||||
| 10p ordinary | Purchase | 1,741 | 5.4420 GBP | ||||
| 10p ordinary | Purchase | 1,682 | 5.4199 GBP | ||||
| 10p ordinary | Purchase | 1,588 | 5.4182 GBP | ||||
| 10p ordinary | Purchase | 1,338 | 5.4310 GBP | ||||
| 10p ordinary | Purchase | 1,260 | 5.4299 GBP | ||||
| 10p ordinary | Purchase | 1,242 | 5.4350 GBP | ||||
| 10p ordinary | Purchase | 1,217 | 5.4327 GBP | ||||
| 10p ordinary | Purchase | 1,047 | 5.4069 GBP | ||||
| 10p ordinary | Purchase | 941 | 5.4400 GBP | ||||
| 10p ordinary | Purchase | 872 | 5.4000 GBP | ||||
| 10p ordinary | Purchase | 679 | 5.3950 GBP | ||||
| 10p ordinary | Purchase | 464 | 5.3750 GBP | ||||
| 10p ordinary | Purchase | 63 | 5.3700 GBP | ||||
| 10p ordinary | Sale | 277,022 | 5.4200 GBP | ||||
| 10p ordinary | Sale | 39,851 | 5.4208 GBP | ||||
| 10p ordinary | Sale | 19,020 | 5.4394 GBP | ||||
| 10p ordinary | Sale | 17,464 | 5.4149 GBP | ||||
| 10p ordinary | Sale | 4,800 | 5.3945 GBP | ||||
| 10p ordinary | Sale | 4,677 | 5.4102 GBP | ||||
| 10p ordinary | Sale | 3,255 | 5.4073 GBP | ||||
| 10p ordinary | Sale | 2,112 | 5.4199 GBP | ||||
| 10p ordinary | Sale | 1,829 | 5.4150 GBP | ||||
| 10p ordinary | Sale | 1,647 | 5.4450 GBP | ||||
| 10p ordinary | Sale | 1,185 | 5.4374 GBP | ||||
| 10p ordinary | Sale | 872 | 5.3970 GBP | ||||
| 10p ordinary | Sale | 872 | 5.4000 GBP | ||||
| 10p ordinary | Sale | 679 | 5.3950 GBP | ||||
| 10p ordinary | Sale | 569 | 5.4350 GBP | ||||
| 10p ordinary | Sale | 553 | 5.4300 GBP | ||||
| 10p ordinary | Sale | 464 | 5.3750 GBP | ||||
| 10p ordinary | Sale | 423 | 5.4400 GBP | ||||
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| (b) | Cash-settled derivative transactions |
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| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
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| securities |
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| 10p ordinary | SWAP | Increasing Short | 9,533 | 5.4300 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 872 | 5.3970 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 16 | 5.4100 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 17,464 | 5.4149 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 312,524 | 5.4200 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,013 | 5.4250 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,616 | 5.4299 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,151 | 5.3895 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,914 | 5.4024 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,723 | 5.4026 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1 | 5.4200 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 63,691 | 5.4202 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 24,406 | 5.4265 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,559 | 5.4317 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,325 | 5.4344 GBP | |||
| 10p ordinary | CFD | Increasing Short | 7,192 | 5.4253 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) |
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| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
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| paid/ |
| security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| (d) | Other dealings (including subscribing for new securities) |
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| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
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| applicable) | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements |
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| Details of any indemnity or option arrangement, or any agreement or understanding, |
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| formal or informal, relating to relevant securities which may be an inducement to deal |
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| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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| to the offer or any person acting in concert with a party to the offer: |
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| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives |
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| Details of any agreement, arrangement or understanding, formal or informal, between |
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| the person making the disclosure and any other person relating to: |
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| (i) the voting rights of any relevant securities under any option; or |
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| (ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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| any derivative is referenced: |
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| NONE | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 02 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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